News

🏛 Donald Trump Appoints Elon Musk & V. Ramaswamy As D.O.G.E Lead, DOGE Price To $2.4?

US President Donald Trump has revealed that Tesla CEO Elon Musk and Vivek Ramaswamy will lead a newly created Department of Government Efficiency, or “DOGE.” This initiative, aimed at streamlining government operations and reducing bureaucratic waste, aligns with Trump’s “Save America” movement and promises to reshape federal spending and regulatory practices.

🚀 VanEck Launches SUI ETN, Rally to $5 Imminent?

VanEck has initiated its new SUI ETN, which is listed on the Euronext Amsterdam and Paris exchanges. This product offers investors access to SUI’s blockchain without holding its tokens.

Sui has achieved a significant milestone, reaching $28 billion in decentralized exchange (DEX) trading volume by November 13, 2024. If Sui’s bullish price trend persists, the layer-one blockchain could witness a strong rally, potentially driving its price to $5. At the time of writing SUI price was up by over 7% to $3.18.

🌐 BlackRock Expands BUIDL To Aptos, Avalanche, and Top L2 Protocols

American multinational investment company BlackRock Inc has broadened the supported platforms for the BUIDL product. Per the latest update, the product has now expanded to different layer-1 and 2 networks to boost its overall diversity.

Markets

📊 Crypto Prices Today Nov 13: BTC At $87K, DOGE Up On Musk’s New D.O.G.E. Role

The crypto prices today have sparked mixed investor sentiments across the globe, showcasing fluxing trajectories. Bitcoin (BTC) price rested at the $87K level today, whereas Ethereum (ETH) and Solana (SOL) prices hovered in the red zone. Simultaneously, the global crypto market cap slipped 0.52% to $2.93 trillion today. Nevertheless, the global crypto market cap witnessed a 6.52% increase to $318.44 billion.

🚀 Can BlackRock Bitcoin ETF Inflows Push BTC Price to $100K In November?

The BlackRock Bitcoin ETF (IBIT) has been leading its peers with a $778 million inflow on Tuesday and nearly $3 billion in inflows over the past week. It has also been a strong contributor to the $30 billion trading volumes of the ‘Bitcoin Industrial Complex’ comprising ETFs, and stocks like MSTR, COIN, etc. Amid the strong inflow, market analysts believe that the BTC price can rally to $100K by the end of November itself.

⚠️ US CPI Comes In At 2.6%, Bitcoin & Altcoins To Retreat?

The latest data showed that the US CPI inflation comes in at 2.6%, a surge from 2.4% noted in September, sparking discussions in the crypto market. Notably, the market participants were also anticipating the inflation figures to come in hotter, which has so far kept the investors on the sideline today. This robust figure has also sparked concerns over the Fed’s potential move with their monetary policy plans ahead.